Teras Resources Inc. to reported that it has filed on SEDAR its "Amended Technical Report on the Cahuilla Gold and Silver Project, in Imperial County, California." The purpose of this report is to provide an update of all drilling, new target identification, and new resource modeling since the original NI 43-101 completed in 2012. The new resource estimates are based on cut-off grades of 0.008 opt (0.27 g/t), which are generally economic in today's operating environment. The new indicated resource was estimated at 1.261 million ounces of gold and 14.37 million ounces of silver contained in 82.11 million tons at an average grade of 0.0154 opt (0.53 g/t gold and 0.175 opt (6 g/t) silver. This constitutes an increase of 261,000 indicated ounces of gold since the last resource was calculated in 2012. An additional inferred resource is reported of 74,800 ounces of gold and 684,800 ounces of silver contained in 3.585 million tons at an average grade of 0.021 opt (0.72 g/t) gold and 0.19 opt (6.5 g/t) silver at a cut-off of 0.008 opt gold. The 24% increase in gold and 21% increase in silver resources is attributed to the additional drilling since the 2012 resource model and the identification of new mineral domains in the geologic model. The work that was used to estimate the new geologic model will guide future drilling. Effective as of November 07, 2020, the drilling database used for resource estimation contained a total of 441 drill holes, 395 RC and 44 cores, for a total of 242,483.4 ft. The Cahuilla database has 49,664 samples reporting gold and silver assays. Since the completion of the 2012 Technical Report, the company invested a significant effort in identifying other exploration targets away from the main deposit. This work involved a combination of field-oriented rock chip sampling and mapping along with specific geophysical methods. Both approaches found multiple new prospective target areas that will require future drill testing. Any new discovery will add to the overall resource base and increase the life of a potential mine. Immediate near-term work is primarily advancing a better metallurgical understanding of the gold deposit. The company is planning to drill four large diameter core holes in the next 3 months. These holes are planned in areas which have significant thicknesses of mineralized material. The purpose of this drilling is to use the core for a variety of metallurgical studies which will give its gold recovery information of the different classes of host rock found in the Cahuilla deposit.